At the Multi Commodity Exchange, gold for delivery in December recovered by Rs 73, or 0.25 per cent, to Rs 29,778 per 10 gram in business turnover of 1,106 lots.

The metal for delivery in far-month February moved up by Rs 50, or 0.17 per cent, to Rs 29,479 per 10 gm in a turnover of 54 lots.

Silver prices recovered by 0.37 per cent to Rs 49,849 per kg in futures trade today, largely supported by covering-up of short positions by speculators even as the metal weakened in overseas markets.

Base Metals & EnergyCOPPER CRUDE OIL D A I L Y B U Z Z
Crude oil prices in the global market remained weak on Thursday due to concerns over higher than
expected crude oil inventories and fears that US Central Bank may roll back its monetary stimulus later
this year on improving conditions of the United States. However, the statement from Yellen may have
limited further weakness in the commodity prices. Janet Yellen, nominee to lead the US Fed, said on
Wednesday that economy and labour market are still weak and Fed continue to support the economy

through its monetary stimulus program.

WTI crude oil for December delivery on NYMEX was seen trading with a loss of 15 cents at $93.73 per barrel as of 17.02 IST on Thursday.